Financial Statement – October

I am currently just updating you with my savings as I have to admit I do not account properly my expenses every month (I should!)

Euros
Mine 34,250
M 23,200
M Pension 27,000
My Pension 21,950
House guarantee 4,000
House paid 55,000
Total 165,400
Cash 57,450

I am very conservative in what concerns the house guarantee that I expect to get back when we move out of the new house. We have actually paid 5200 Euros but I will assume we will only get 4000 Euros back. Additionally, in M pension, since we are not sure how the pension fund is performing, I will assume a growth rate of 0%. Better to be conservative and then have positive surprises, I believe.

Despite being an unusual month in terms of expenses, as we have just moved into a new bigger house, I am happy to say that our equity increased by 4765 Euros.

Our cash has decreased due to the fact that we have paid 55000 Euros in our first real estate investment. The rest of the payment (45 000 + taxes + furniture) will be paid once the apartment is totally built, which should be in December/January. I am very excited about my first investment and looking forward for my first passive income generator to start working!

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Financial Statement – September 2016

I will update you with my financial statements, which include mine and my husband’s, every month. I haven’t started investing yet, so we only have cash and pension funds investments.

Euros
Mine 59 065 Result of saving 10/20% during 6 years and around 50% in the last 1.5 years
M 54 000 Similar saving rates
M Pension 27 000 This we can only get when we officially retire, i.e., around 65/67 years
My Pension 20 570 This can actually be withdrawn if I stay less than 5 years in my current workplace
Total 160 635
Cash 113 065 This is the money we have on your current accounts

This month we are moving into a bigger apartment, therefore we will have more expenses than usual, such as the guarantee for the house, the big car we are renting to do the move, and some new furniture. I am expecting at least 7k to be spent on that (the guarantee alone is 5.2k) but I will update my financial statements and include both earnings and expenses at the end of next month.